Barclays Forecasts Strong Price Appreciation for APi Group (NYSE:APG) Stock

APi Group (NYSE:APG - Free Report) had its target price lifted by Barclays from $48.00 to $55.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts also recently issued research reports about the company. Citigroup reduced their price objective on APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Truist Financial raised their price objective on shares of APi Group from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Robert W. Baird upped their target price on shares of APi Group from $47.00 to $51.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. increased their price target on shares of APi Group from $39.00 to $46.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, UBS Group lifted their price objective on APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.57.

APi Group Stock Performance

Shares of NYSE:APG traded up $0.78 during trading on Friday, reaching $47.60. The stock had a trading volume of 2,246,713 shares, compared to its average volume of 1,733,914. The stock has a fifty day simple moving average of $39.74 and a two-hundred day simple moving average of $38.29. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group has a 52 week low of $30.76 and a 52 week high of $48.18. The firm has a market capitalization of $13.18 billion, a price-to-earnings ratio of -24.16 and a beta of 1.54.

APi Group's stock is scheduled to split on the morning of Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly issued shares will be distributed to shareholders after the closing bell on Monday, June 30th.

APi Group (NYSE:APG - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.66 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company's revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. As a group, analysts anticipate that APi Group will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling at APi Group

In other news, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $42.72, for a total value of $6,408,000.00. Following the completion of the transaction, the director now owns 5,612,102 shares of the company's stock, valued at $239,748,997.44. This trade represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 17.00% of the company's stock.

Institutional Trading of APi Group

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC lifted its position in APi Group by 6.7% during the first quarter. Signaturefd LLC now owns 4,067 shares of the company's stock worth $145,000 after purchasing an additional 256 shares during the period. Amalgamated Bank raised its position in shares of APi Group by 2.3% in the 1st quarter. Amalgamated Bank now owns 12,253 shares of the company's stock valued at $438,000 after buying an additional 279 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of APi Group by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company's stock worth $194,000 after acquiring an additional 303 shares during the period. Equitable Trust Co. boosted its position in shares of APi Group by 1.7% during the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company's stock worth $744,000 after acquiring an additional 351 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of APi Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company's stock worth $265,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 86.62% of the company's stock.

About APi Group

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.